Quanta Services annual debt-to-equity ratio
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2025
Quanta Services Debt-to-Equity Ratio Growth & History (PWR)
Quanta Services's debt-to-equity ratio was 0.72 for fiscal 2025.
View full Quanta Services company overviewQuanta Services annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.72 | 0.11 | +17.33% |
| 2024 | 2024-12-31 | 0.61 | −0.10 | −13.99% |
| 2023 | 2023-12-31 | 0.71 | −0.03 | −3.63% |
| 2022 | 2022-12-31 | 0.74 | −0.04 | −5.67% |
| 2021 | 2021-12-31 | 0.78 | 0.45 | +134.06% |
| 2020 | 2020-12-31 | 0.33 | −0.07 | −18.20% |
| 2019 | 2019-12-31 | 0.41 | 0.10 | +33.11% |
| 2018 | 2018-12-31 | 0.31 | 0.13 | +72.89% |
| 2017 | 2017-12-31 | 0.18 | 0.07 | +62.61% |
| 2016 | 2016-12-31 | 0.11 | −0.05 | −30.89% |
| 2015 | 2015-12-31 | 0.16 | 0.14 | +764.96% |
| 2014 | 2014-12-31 | 0.02 | 0.02 | +1632.06% |
| 2013 | 2013-12-31 | 0.00 | 0.00 | +44061.52% |
| 2012 | 2012-12-31 | 0.00 | 0.00 | — |
| 2011 | 2011-12-31 | 0.00 | 0.00 | — |
| 2010 | 2010-12-31 | 0.00 | — | — |
Quanta Services quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.69 | 0.04 | +5.40% |
| Q1 2026 | 2026-03-31 | 0.70 | 0.06 | +9.74% |
| Q4 2025 | 2025-12-31 | 0.72 | 0.11 | +17.33% |
| Q3 2025 | 2025-09-30 | 0.72 | 0.01 | +1.22% |
| Q2 2025 | 2025-06-30 | 0.65 | 0.07 | +11.82% |
| Q1 2025 | 2025-03-31 | 0.64 | 0.01 | +1.02% |
| Q4 2024 | 2024-12-31 | 0.61 | −0.10 | −13.99% |
| Q3 2024 | 2024-09-30 | 0.71 | −0.00 | −0.18% |
| Q2 2024 | 2024-06-30 | 0.58 | −0.21 | −26.36% |
| Q1 2024 | 2024-03-31 | 0.63 | −0.16 | −20.70% |
| Q4 2023 | 2023-12-31 | 0.71 | −0.03 | −3.63% |
| Q3 2023 | 2023-09-30 | 0.71 | −0.09 | −11.42% |
| Q2 2023 | 2023-06-30 | 0.79 | −0.02 | −2.17% |
| Q1 2023 | 2023-03-31 | 0.79 | 0.00 | +0.04% |
| Q4 2022 | 2022-12-31 | 0.74 | −0.04 | −5.67% |
| Q3 2022 | 2022-09-30 | 0.80 | 0.11 | +16.09% |
| Q2 2022 | 2022-06-30 | 0.81 | 0.45 | +124.52% |
| Q1 2022 | 2022-03-31 | 0.79 | 0.42 | +114.81% |
| Q4 2021 | 2021-12-31 | 0.78 | 0.45 | +134.06% |
| Q3 2021 | 2021-09-30 | 0.69 | 0.33 | +92.92% |
| Q2 2021 | 2021-06-30 | 0.36 | −0.07 | −15.77% |
| Q1 2021 | 2021-03-31 | 0.37 | −0.15 | −28.29% |
| Q4 2020 | 2020-12-31 | 0.33 | −0.07 | −18.20% |
| Q3 2020 | 2020-09-30 | 0.36 | −0.20 | −35.88% |
| Q2 2020 | 2020-06-30 | 0.43 | −0.07 | −13.28% |
| Q1 2020 | 2020-03-31 | 0.52 | 0.07 | +14.53% |
| Q4 2019 | 2019-12-31 | 0.41 | 0.10 | +33.11% |
| Q3 2019 | 2019-09-30 | 0.56 | 0.30 | +118.24% |
| Q2 2019 | 2019-06-30 | 0.49 | 0.26 | +111.71% |
| Q1 2019 | 2019-03-31 | 0.45 | 0.21 | +84.88% |
| Q4 2018 | 2018-12-31 | 0.31 | 0.13 | +72.89% |
| Q3 2018 | 2018-09-30 | 0.26 | 0.05 | +24.30% |
| Q2 2018 | 2018-06-30 | 0.23 | 0.09 | +67.17% |
| Q1 2018 | 2018-03-31 | 0.24 | 0.12 | +94.17% |
| Q4 2017 | 2017-12-31 | 0.18 | 0.07 | +62.61% |
| Q3 2017 | 2017-09-30 | 0.21 | 0.06 | +36.87% |
| Q2 2017 | 2017-06-30 | 0.14 | 0.01 | +8.12% |
| Q1 2017 | 2017-03-31 | 0.13 | −0.00 | −3.79% |
| Q4 2016 | 2016-12-31 | 0.11 | −0.05 | −30.89% |
| Q3 2016 | 2016-09-30 | 0.15 | 0.04 | +34.44% |
| Q2 2016 | 2016-06-30 | 0.13 | 0.08 | +141.28% |
| Q1 2016 | 2016-03-31 | 0.13 | 0.10 | +324.18% |
| Q4 2015 | 2015-12-31 | 0.16 | 0.14 | +764.96% |
| Q3 2015 | 2015-09-30 | 0.11 | 0.09 | +490.82% |
| Q2 2015 | 2015-06-30 | 0.05 | 0.05 | +5536.12% |
| Q1 2015 | 2015-03-31 | 0.03 | 0.03 | +2804.95% |
| Q4 2014 | 2014-12-31 | 0.02 | 0.02 | +1632.06% |
| Q3 2014 | 2014-09-30 | 0.02 | — | — |
| Q2 2014 | 2014-06-30 | 0.00 | — | — |
| Q1 2014 | 2014-03-31 | 0.00 | — | — |
| Q4 2013 | 2013-12-31 | 0.00 | 0.00 | +44061.52% |
| Q4 2012 | 2012-12-31 | 0.00 | 0.00 | — |
| Q3 2012 | 2012-09-30 | 0.00 | 0.00 | — |
| Q2 2012 | 2012-06-30 | 0.00 | 0.00 | — |
| Q1 2012 | 2012-03-31 | 0.00 | 0.00 | — |
| Q4 2011 | 2011-12-31 | 0.00 | 0.00 | — |
| Q3 2011 | 2011-09-30 | 0.00 | — | — |
| Q2 2011 | 2011-06-30 | 0.00 | — | — |
| Q1 2011 | 2011-03-31 | 0.00 | — | — |
| Q4 2010 | 2010-12-31 | 0.00 | — | — |
Quanta Services debt-to-equity ratio trends
Over the last five fiscal years, Quanta Services's debt-to-equity ratio increased from 0.33 to 0.72, a change of 0.38. The latest reported quarter, Q2 2026, shows 0.69.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Quanta Services source filings ↗